Govt approves 20 new IITs in Public-Private Partnership model

Land would be made available free of cost for each IIT by the state government concerned. The cost of establishment has been pegged at Rs 128 crore in a funding ratio of 50:35:15 by the Centre, state and industry partner, respectively.

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Government has approved a scheme for setting up 20 IITs in PPP mode with an overall outlay of Rs 2,808.71 crore, the Lok Sabha was informed today.

In a written reply, Union Minister of State for HRD Shashi Tharoor said, "While land for the purpose would be made available free of cost by state governments concerned, an IIT would be established at a capital cost of Rs 128 crore each to be contributed in ratio of 50:35:15 by centre, state and industry partner respectively."

On entry of corporate sector in technical education, he said, "AICTE has allowed public/private limited company/ industries with 100 crore turnover for last three years to establish a new technical institution in engineering and technology, pharmacy, architecture and town planning, hotel management and catering technology."

Replying to a separate question on pending cases of new IITs, he said, "Based on the recommendations of Scientific Advisory Council to the Prime Minister and also having regard to the regional imbalance, government during 11th Five Year Plan established eight new IITs."